State approves $60M for LEAP District development for Lilly, Meta projects
The state will eventually recoup much of that investment when LEAP land is sold to tenants, officials from the Indiana Economic Development Corp. said.
Job Creation
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Elevance Health to make $11.9M expansion in Indianapolis, add 230 jobs
Elevance said it plans make its investment at two locations: its headquarters at 220 Virginia Avenue and another site at 4740 Victory Lane on the southeast side.
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Indiana chosen for $3B electric vehicle battery plant, 1,700 jobs
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle to build the plant, which could become operational by 2026.
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Noblesville City Council approves incentives for $30M SMC expansion plan
SMC Corp. of America plans to expand its total workforce in Noblesville to 1,157 by 2032.
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Battery maker seeks tax break to build potentially massive plant in Indiana
A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.
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UPDATE: Meta’s planned $800M investment in Lebanon could lead to $4.8B, mayor says
The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.
After slow start, state officials expect second-year uptick in career scholarship use
The CSA program offers high school sophomores, juniors and seniors up to $5,000 each year to offset expenses associated with participating in approved internships, apprenticeships, work-based learning and credential programs.
Carmel-based logistics firm plots exponential growth
Koola Logistics received approval from the Indiana Economic Development Corp. for $4.25 million in conditional EDGE tax credits to expand their payroll to 250 by the end of 2026.
U.S. employers added surprisingly robust 353,000 jobs in January
Wages rose unexpectedly fast in January, too. The strong hiring and wage growth could complicate or delay the Federal Reserve’s intention to start cutting interest rates later this year.
IEDC touts record-breaking year for economic development
The state’s job-creation agency says it secured $28.7 billion in new capital expenditures in 2023, a 29% increase over the the previous year. But some of the projects on the list are yet to be announced.
Cold storage company plans $38M expansion in Lebanon
United States Cold Storage announced Tuesday it has received approval from the Lebanon City Council for its plan to add 60,000 square feet to the facility and create 30 jobs.
Solar energy company plans $35M plant, 240 new jobs in Indianapolis
The Singapore-based company on Tuesday announced intentions to renovate and equip an existing 150,000-square-foot space just south of downtown Indianapolis to serve as its U.S. headquarters.
Ford Meter Box plans big expansion in Indiana
Ford Meter Box announced plans to invest up to $300 million to build a 300,000-square-foot facility adjacent to its headquarters and create up to 126 jobs by the end of 2027.
Nucor to add $115M manufacturing plant, 200 jobs in Indiana
The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.
Tech consultant eImagine nabs state incentives to hire more Hoosiers
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
IEDC looking to key U.S. markets to generate investments in Hoosier state
The IEDC says it would like to hire two more people this year, perhaps on the East Coast and in the Southeast, who can also scout for companies that might be persuaded to invest in Indiana.
State touts record $22B in economic development commitments
Indiana Gov. Eric Holcomb said 218 companies committed this year to locate or expand in Indiana this year, with plans to add a total of 24,059 Hoosier jobs.
Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
Food manufacturer plans $58M expansion, 90 new jobs in Lebanon
Ontario-based Skjodt-Barrett Contract Packaging LLC plans to expand its Boone County plant by 340,000 square feet.
Pharma company plans $220M expansion in Indiana, 80 new jobs
Germany-based Evonik announced Thursday that it will expand its pharmaceutical production facility in Lafayette. The plant will build produce lipids for mRNA-based therapies in the United States.
Indiana’s unemployment rate continues descent, slipping to 2.4%
However, the state’s labor force participation remains at 61.9%—a record low for at least the last 45 years if one doesn’t count its sudden fall to 60.8% and quick recovery in the first three months of the pandemic.
Develop Indy deals led to 4,575 pledged jobs, $570M in investments, leaders say
Develop Indy, Indianapolis’ economic development agency, made incentive deals involving 71 business relocation or expansion projects during the first 11-plus months of the year, officials announced Tuesday.
October jobs report expected to show pickup in hiring
After two disappointing months of hiring, a key question overhanging Friday’s U.S. jobs report for October will be whether companies found more success this time in filling millions of open positions.
Software consulting firm to add 60 jobs, invest $2.7M in Carmel office
Leaf Software Solutions Inc. said the revamp of the 18,000-square-foot space at 14300 Clay Terrace Blvd. will help it meet an increased demand for its custom software products and financial software services.